Draft:Startups in Ethiopia

= Startups in Ethiopia =

ArifPay

 * Arifpay is a financial technology company based in Addis Ababa, Ethiopia. Established in 2017, the company has been pivotal in the digital payments landscape in Ethiopia, offering innovative solutions tailored to the needs of individuals and businesses.
 * The company is licensed by the National Bank of Ethiopia and holds two key licenses: a Point-of-Sale (POS) license and a Gateway license. These licenses enable Arifpay to offer a wide range of payment services, including POS terminals and online payment gateway solutions.

Corporate Timeline
2017: Venture Inception

2018: Angel investors invest in the venture

2019: Minimum Viable Product (MVP) development and market fit

2020: Continuous improvement and lobbying with government bodies and regulators

2021: Establishment as a share company and acquisition of licenses from the National Bank of Ethiopia

2022: Commercialization letter obtained from the National Bank of Ethiopia

Corporate Values

Arifpay is guided by the following core values:

Interoperability: Commitment to interoperability across the payment ecosystem.

Innovation: Dedication to innovation and continuous improvement.

Integrity: Operation with integrity and compliance with relevant laws and regulations.

Products and Services
Arifpay offers a diverse range of products and services aimed at enhancing the efficiency, security, and convenience of digital transactions. These include:

ArifPOS Smart Terminal: A portable POS terminal designed to facilitate seamless transactions, both indoors and outdoors. The terminal offers complete connectivity and is equipped with advanced features such as delivery services, loyalty programs, and inventory management.

Payment Gateway Services: Arifpay's Payments Platform as a Service (PPaaS) empowers businesses to manage payments, commerce, and data services through an open API-based platform. PPaaS offers a wide range of services, including loyalty programs, digital receipts, fraud management, and dynamic currency conversion.

Arifpay Mobile Terminals: Designed for countertop use, Arifpay's mobile terminals support various payment methods and offer engaging customer interactions. Terminals such as Arif Simuni POS and Arif Dech POS are optimized for network uptime and self-checkout capabilities.